Immersion (IMMR) Scheduled to Post Earnings on Thursday

Immersion (NASDAQ:IMMR – Get Rating) will announce its earnings results after the market closes on Thursday, May 12th.

Immersion (NASDAQ:IMMR – Get Rating) last issued its earnings results on Thursday, February 24th. The software maker reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $9.75 million for the quarter. Immersion had a net margin of 35.58% and a return on equity of 14.92%.

Shares of IMMR opened at $4.91 on Thursday. The firm has a fifty day simple moving average of $5.10 and a two-hundred day simple moving average of $5.63. The firm has a market cap of $164.81 million, a PE ratio of 12.28 and a beta of 1.75. Immersion has a 1-year low of $4.46 and a 1-year high of $9.78.

A number of large investors have recently bought and sold shares of IMMR. UBS Group AG grew its holdings in Immersion by 23.2% during the 3rd quarter. UBS Group AG now owns 8,392 shares of the software maker’s stock valued at $57,000 after buying an additional 1,579 shares in the last quarter. Northern Trust Corp grew its stake in Immersion by 8.5% during the fourth quarter. Northern Trust Corp now owns 72,293 shares of the software maker’s stock valued at $413,000 after acquiring an additional 5,691 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in Immersion by 24.6% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 39,677 shares of the software maker’s stock valued at $271,000 after acquiring an additional 7,828 shares during the last quarter. Royal Bank of Canada lifted its stake in Immersion by 640.6% in the 2nd quarter. Royal Bank of Canada now owns 9,184 shares of the software maker’s stock worth $81,000 after purchasing an additional 7,944 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Immersion by 17.9% during the 4th quarter. Invesco Ltd. now owns 64,279 shares of the software maker’s stock valued at $367,000 after purchasing an additional 9,738 shares during the last quarter. 50.49% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently commented on IMMR. StockNews.com assumed coverage on Immersion in a research report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research downgraded shares of Immersion from a “hold” rating to a “sell” rating in a report on Monday, February 28th.

About Immersion (Get Rating)

Immersion Corporation, together with its subsidiaries, invents, scales, and licenses haptic technologies that allow people to use their sense of touch to engage with and experience various digital products in North America, Europe, and Asia. The company provides technology, patent, and combined licenses.

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